25, August 2016

USD/JPY (a 4-hour chart)

General review

According to our forecast the USDJPY continues to trade within the range of 99.90-100.78

Current situation

Trading activity is low. Since the morning European session USDJPY trades around the median level of the specified range 100.30-100.40

Trading recommendation

We expect that by the end of the week the pair will continue to consolidate within the boundaries of the specified channel. Meanwhile, the level of 100.78 has become a significant resistance level.